Ankit International, the appellant, filed an application seeking clarification of an earlier order regarding the exclusion of time spent in litigation from the CIRP period. The specific period in question was from 29.11.2019 to 03.06.2021. The appellant argued that excluding this period was essential for the CoC to properly consider the revised resolution plan. Unitech Machines Ltd., represented by Resolution Professional VivekRaheja, was the respondent. The respondents agreed with the appellant's submissions. The earlier order, dated 03.06.2021, had addressed similar contentions. The court considered Section 12(3) of the IBC, which provides a 60-day period for completing the CIRP. The impugned order dated 29.01.2020 was set aside in the earlier order.

Ankit International, the appellant, filed an application seeking clarification of an earlier order regarding the exclusion of time spent in litigation from the CIRP period. The specific period in question was from 29.11.2019 to 03.06.2021. The appellant argued that excluding this period was essential for the CoC to properly consider the revised resolution plan. Unitech Machines Ltd., represented by Resolution Professional VivekRaheja, was the respondent. The respondents agreed with the appellant's submissions. The earlier order, dated 03.06.2021, had addressed similar contentions. The court considered Section 12(3) of the IBC, which provides a 60-day period for completing the CIRP. The impugned order dated 29.01.2020 was set aside in the earlier order.